ChargeAfter, a NYC-based Buy Now Pay Later (BNPL) consumer financing network, raised $44M in Series B funding.
The round was led by The Phoenix, with participation from global banking giants Citi Ventures (Citigroup), Banco Bradesco, MUFG (Mitsubishi UFJ Financial Group), and existing investors. The new funding follows a strategic investment and partnership with Visa, bringing the company’s total amount raised to $60m.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Meidad Sharon, CEO, and founder, ChargeAfter provides shoppers with responsible, approved financing offers from multiple lenders with a single application, and white-labeled BNPL platform services for global banks and financial institutions.
With dozens of pre-integrated global financing lenders and banks already on the platform, ChargeAfter offers shoppers approved and personalized consumer financing from multiple lenders through a single, quick application, wherever they shop. With the distribution of credit streamlined into a single platform, retailers can implement its BNPL offering both online and in-store. The company also provides global banks, acquirers, financial institutions, and strategic partners with a fully branded white label BNPL platform. The network provides retailers and businesses access to financing partners across the full-credit spectrum with BNPL products such as card-based installments, split pay, long and short-term installments, 0% APR financing, revolving credit, B2B financing, lease to own, and more, in a single integration.
Headquartered in New York, ChargeAfter has offices in New York, California, and Tel Aviv.
FinSMEs
22/03/2022